Reserve Bank of Zimbabwe Sued for Banning Cryptocurrency ⋆ Tech Talk
Nigel Gambanga · May 24, 2018 · 3:00 am The Reserve Bank of Zimbabwe (RBZ) is facing a lawsuit from a cryptocurrency exchange in the African country following the RBZ’s recent order to all registered financial institutions to stop all forms of cryptocurrency trading. The Legality of Cryptocurrency in Zimbabwe Brought into Question
According to news reports, Golix, the largest cryptocurrency exchange in Zimbabwe, submitted a High Court challenge stating that the RBZ does not have any authority to declare cryptocurrencies illegal. Golix is arguing that only the country’s legislative body, the parliament, has the authority to formulate laws that ban virtual currencies. It is also arguing that the RBZ did not give adequate time for notice and a right of response when it issued its ban.
The legality of cryptocurrencies in Zimbabwe has always been a grey area and, in the past, the central bank has warned citizens to deal in cryptocurrencies at their own risk, while pointing out that all virtual currencies were not recognized as legal tender in the country.
Despite this stance from the regulator, no laws or regulations have been passed to enforce activities in the space. Cryptocurrency related businesses in Zimbabwe like exchanges have been registered as companies but had been operating without any licensing framework specific to virtual currencies.
#bitcoin #cryptocurrency #btc #eth #decentralization #cryptoblogger #trx #xvg #cryptochart #crypto #blockchain #cryptotrading #cryptocurrencynews #cryptocurrencyexchange #cryptocurrencymining #cryptocurrencycommunity #cryptocurrencyeducation #cryptocurrencyinvestment #cryptonews #cryptolife #cryptocoin #cryptocurrencyrevolution #ig #igers #igersindia #likeforlike … https://beat.10ztalk.com/2018/05/24/reserve-bank-of-zimbabwe-sued-for-banning-cryptocurrency/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BitcoinIndependentNewsAndBlog+%28Cryptocurrency+decentral+market%29

India to Levy GST on Crypto Now? ⋆ Tech Talk
According to Bloomberg Quint, India may be considering the possibility of levying GST on cryptocurrency trading. This is a proposal that is being forwarded despite there being no clear-cut statement from the government, confirming their stance on the legality of the market.…The Government of India is very conflicted about the cryptocurrency market because of the obvious risks that it poses to economies and investors in general. The country, unanimously, has made no decision on whether or not to legalise or ban the use of it, but only a month ago, at the beginning of April, The Reserve Bank of India issued a circular demanding all businesses registered with them to wind down cryptocurrency related activities.
This came as a large shock to the Indian crypto community because they feel that this is the first step towards a full-fledged ban. The announcement sent shock waves through the community and many people represented their views in forms of petitions and discussions. Recently, many news reports have come forward saying that cryptocurrency exchanges in the country have taken to legally appeal the circular released by the RBI. There are in current logs, two court cases that deal with this particular circular issue, one filed at the Delhi High Court and the other with the Supreme Court of India. #bitcoin #cryptocurrency #btc #eth #decentralization #cryptoblogger #trx #xvg #cryptochart #crypto #blockchain #cryptotrading #cryptocurrencynews #cryptocurrencyexchange #cryptocurrencymining #cryptocurrencycommunity #cryptocurrencyeducation #cryptocurrencyinvestment #cryptonews #cryptolife #cryptocoin #cryptocurrencyrevolution #ig #igers #igersindia #likeforlike https://beat.10ztalk.com/2018/05/24/india-to-levy-gst-on-crypto-now/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BitcoinIndependentNewsAndBlog+%28Cryptocurrency+decentral+market%29

Bermuda Continues to Open Its Arms to Crypto Space ⋆ Tech Talk
Bermuda Continues to Open Its Arms to Crypto Space May 24, 2018 by Nick Marinoff Cryptocurrency brokerage agency Omega One is opening an office in Bermuda. Executives will work with both insurers and the island’s government officials to hold and secure digital currency investments on behalf of its customers. A Small Island with Big Ambition
Bermuda has worked hard over the last few months to develop itself as the next big cryptocurrency haven. The island recently hired Gabriel Abed – the founder of Barbados-based financial technology firm Bitt and the British Virgin Islands-based Digital Asset Fund – to work as a digital currency consultant to legislators, while regulators have drafted a bill that would formally introduce initial coin offering (ICO) rules to the island’s traders.
Bermuda has also attracted a long list of additional cryptocurrency names and businesses including Binance, the world’s largest cryptocurrency exchange. At present, it is becoming one of the most popular atmospheres for crypto users due in part to its established legal and technical infrastructure, as well as its growing insurance industry, which makes it particularly attractive to institutional investors. #bitcoin #cryptocurrency #btc #eth #decentralization #cryptoblogger #trx #xvg #cryptochart #crypto #blockchain #cryptotrading #cryptocurrencynews #cryptocurrencyexchange #cryptocurrencymining #cryptocurrencycommunity #cryptocurrencyeducation #cryptocurrencyinvestment #cryptonews #cryptolife #cryptocoin #cryptocurrencyrevolution #ig #igers #igersindia #likeforlike https://beat.10ztalk.com/2018/05/24/bermuda-continues-to-open-its-arms-to-crypto-space/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BitcoinIndependentNewsAndBlog+%28Cryptocurrency+decentral+market%29

Meet our twins who are also part of this #cryptofamily 🌎 Actually, we are going to share more office life with you, so get ready🤘🏻This is just a humble beginning!
BTW you may notice the card 😎It’s one of the samples for the new card programme.